Pomerantz Law Firm Investigating Claims on Behalf of Investors in Koss Corporation -- KOSS

NEW YORK, Feb. 18, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Koss Corporation ("Koss" or the "Company") KOSS during the period of July 12, 2005 to December 21, 2009 (the "Class Period").

The investigation centers on violations of state law, and possible breaches of fiduciary duty by the Company, in connection with the diversion of Company funds by Koss' employees for their own personal use and the possible concealment of these fraudulent acts through the manipulation of the Company's financial statements. The Company's internal review thus far indicates that this mismanagement and misappropriation has been occurring since at least 2005 and that over $30 million of the Company's funds have been improperly given to Koss employees. Koss, which is based in Milwaukee, Wisconsin, designs, manufactures and sells stereo headphones and related accessory products.

Those who invested are advised to contact Teresa Webb at 888-476-6529 or 212-661-1100 or tlwebb@pomlaw.com. Pomerantz has prosecuted securities fraud claims for 70 years, and is regarded as one of the country's premier class action firms. The Firm has offices in New York City, Chicago, Washington, D.C., Burlingame, CA and Columbus, Ohio.